FALX Structured Credit Facility
Prime Brokerage Lending
Audited
Vault APY
The annualized yield based on how much the vault share price changed over the last 30 days.
Formula
= current vault share price (NAV per share)
= vault share price 30 days ago
This is a rolling metric and updates daily.
TVL
$28.8M
Available networks
About
nFXCF is an onchain structured credit vault offering exposure to institutional-grade digital asset credit. Loans are originated through FalconX’s prime brokerage platform, where borrowers pledge their...Read more
Hourly on Weekdays
Security reviews
Yield type
No. of holders
29
Redemption schedule
Monthly epoch (~1 calendar month)
How the price grows
Yield is automatically reinvested and reflected in growing token price
$1.0284
+$0.028401 (+2.84% or 7.41% APY) in the last 143 daysPrime Brokerage Lending
Yield is generated from overcollateralized institutional loans originated via FalconX’s prime brokerage platform. Borrowers pledge their full account balances as collateral, while M11 Credit actively selects and manages the loan portfolio to optimize risk-adjusted returns.
Yield by world-class operators
Prime Brokerage Lending
99.77%
Overcollateralized institutional credit
Liquid assets
0.23%
Uninvested stablecoin liquidity
All yield assets live on Plume Network
Nest is built by the Plume team and runs natively on Plume Network, a real-world-asset blockchain that serves as the settlement layer to ensure institutional-grade security, regulatory alignment, and scalable settlement.
Audits & Security
Nest is designed to meet the highest standards of safety, transparency, and compliance
Frequently asked questions
Vaults earn yield from real-world assets. The rate of return depends on the income produced by those assets (e.g., interest, royalties, lease payments).
Yield is not guaranteed. Past performance does not guarantee future results.
Learn moreRedemptions for the FalconX CLO Vault process in the first week of each calendar month. Redemptions submitted after this period will be processed during the first week of the next calendar month. Your position earns yield during this time.
Learn moreKey risks include: credit risk from underlying assets, liquidity risk during redemptions, smart contract risk, and market risk affecting asset valuations. This is not a bank deposit and is not FDIC insured. You could lose some or all of your initially deposited stablecoins.
Learn moreThe vault token price (equivalant to NAV per share in traditional funds) changes over time as the value of the underlying assets changes and yield accrues. You do not need to claim or restake for performance to be reflected in the token price. The token price reflects the total value of assets divided by tokens outstanding.
Learn moreYes. The vault smart contracts have been audited by leading security firms including Macro, Pashov, and Spearbit. Audit reports are available in the Security section. However, audits do not guarantee the absence of all vulnerabilities.
Learn moreYes, vault tokens are standard ERC-20 tokens that can be used across DeFi. You can provide liquidity, use it as collateral on supported lending platforms, or transfer to other wallets.
Still have a question? Join our Discord
Balances
Total balance
Avg. APY
Total earnings
Recent activity
Underlying assets on-chain
Asset
APY
Weight
TVL
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xDLF
Prime Brokerage Lending
99.77%
$28,699,952.25
Asset
Network
TVL
Allocation
Contract
xDLF
Plume
$28,699,952.25
100.0%
0xa4...8213
Total
$28,699,952.25
100.0%
Liquid assets
0.23%
$67,456.08
Asset allocation over time
No. of assets
1
Aug 14, 2026
xDLF
100.0%
Structure and custody
Assets quality
Legal structure
Nest DAO LLC is a corporate entity in Republic of the Marshall Islands (RMI) with an international investment business license and an LEI number 254900BB9T1QYAT04892, which can be found on GLEIF:
https://search.gleif.org/#/record/254900BB9T1QYAT04892Asset issuers
M11 Credit, FalconX
Compliance & AML
Assets onchain
Auditor
Cantina, 0xMacro, Pashov, Spearbit
How the price grows
Yield is automatically reinvested and reflected in growing token price
Current token price
$1.0284
Total Value Locked TVL
Based on live onchain token price and supply
Current TVL
$28.8M
Vault activity
No. of transactions
in the last 7 days
Type | Wallet | Amount |
|---|---|---|
 Mint Aug 11, 2026, 7:43 AM | 0x1a14...8ae657 | +0.97 +$0.00 |
Redemption Claimed Aug 11, 2026, 12:03 AM | 0x8eb5...bb9e4f | -5.86 -$0.00 |
Redeem Fulfilled Aug 11, 2026, 12:03 AM | 0x8eb5...bb9e4f | -5.86 -$0.00 |
Redeem Requested Aug 10, 2026, 11:49 PM | 0x8eb5...bb9e4f | -5.86 -$0.00 |
Mint Aug 10, 2026, 9:32 AM | 0x3ec2...549fcb | +3,892.13 +$0.00 |
Mint Aug 9, 2026, 3:48 AM | 0x7774...b71288 | +48,275.98 +$0.00 |
Mint Aug 9, 2026, 3:08 AM | 0x7774...b71288 | +388.35 +$0.00 |
Mint Aug 6, 2026, 4:54 PM | 0x4960...120b85 | +48.69 +$0.00 |
Redemption Claimed Aug 2, 2026, 10:25 PM | 0xd2a1...48a7bc | -19,504.95 -$0.00 |
Redeem Fulfilled Aug 2, 2026, 10:10 PM | 0xd2a1...48a7bc | -19,504.95 -$0.00 |
nFALCON token holders
No. of wallets
29
Holder | Balance | Holder since |
|---|---|---|
1 0x...dd | 20,923,884.14 nFALCON $0.00 | 4 Jun 2026 |
2 0x...db | 3,972,052.23 nFALCON $0.00 | 26 Mar 2026 |
3 0x...05 | 2,987,309.98 nFALCON $0.00 | 24 Mar 2026 |
4 0x...88 | 48,664.33 nFALCON $0.00 | 9 Aug 2026 |
5 0x...9b | 12,558.68 nFALCON $0.00 | 6 Jun 2026 |
How to think about the risks
Loans are fully overcollateralized and protected by a first-loss equity tranche, with automated liquidation systems enforcing collateral thresholds in real time. Exposure is diversified across vetted institutional borrowers through disciplined portfolio construction.
Underlying risks
Key risks include borrower default during extreme market volatility, collateral liquidation slippage, and counterparty exposure to FalconX and underlying borrowers.
Yes
No
No
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Yes